Commerce Ministry

The government has allocated Rs 15.27 lakh crore for 10 major sectors, ranging from defence and rural development to social welfare and commerce, Finance Ministry data said Tuesday afternoon.

The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry

India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In 2022-23, the country exported goods and services combined at USD 776.3 billion.

India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said.

Drivers in China who trade in an old car for a newer model are eligible for a subsidy of up to 10,000 yuan ($1,380 or Rs 1,15,096), the commerce ministry has announced.

The Ministry of Commerce and Industry has issued an advisory to the e-commerce companies, directing them to remove all drinks and beverages including Bournvita from the category of 'health drinks', on their portal and platforms.

The Ministry of Commerce is organising events as part of the 'People's Choice Campaign' from November 3, 2023 onwards to support local products.

India's antitrust body has appointed three new members to oversee cases, including a former government official from the commerce ministry and a former interim compliance officer of WhatsApp, sources with direct knowledge of the matter said.

Indian and UK officials will continue their negotiations till the month-end to iron out differences on the proposed free trade agreement (FTA), the commerce ministry said on Sunday.

China is looking forward to in-depth discussions with the United States on resolving economic and trade issues when its commerce secretary, Gina Raimondo, visits next week, China's commerce ministry spokesperson said on Thursday.

India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.

India's overall exports, both merchandise and services combined, in June 2023 are estimated to be USD 60.09 billion, registering a decline of around 13 per cent from June 2022, official commerce ministry data revealed on Friday.

China's commerce ministry on Thursday said recent curbs on essential chip-making metals were not aimed at any specific country and that they did not represent a "ban on exports".

India's seafood exports rose by 4.31 per cent to USD 8.09 billion in 2022-23 on account of a jump in the shipments of frozen shrimp, the commerce ministry said today.

Science and Arts have been the most popular streams among students over the last 10 years while commerce has stagnated with only 14 per cent students opting for it, according to a study conducted by the Ministry of Education.

The government has allocated Rs 15.27 lakh crore for 10 major sectors, ranging from defence and rural development to social welfare and commerce, Finance Ministry data said Tuesday afternoon.

The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry

India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In 2022-23, the country exported goods and services combined at USD 776.3 billion.

India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said.

Drivers in China who trade in an old car for a newer model are eligible for a subsidy of up to 10,000 yuan ($1,380 or Rs 1,15,096), the commerce ministry has announced.

The Ministry of Commerce and Industry has issued an advisory to the e-commerce companies, directing them to remove all drinks and beverages including Bournvita from the category of 'health drinks', on their portal and platforms.

The Ministry of Commerce is organising events as part of the 'People's Choice Campaign' from November 3, 2023 onwards to support local products.

India's antitrust body has appointed three new members to oversee cases, including a former government official from the commerce ministry and a former interim compliance officer of WhatsApp, sources with direct knowledge of the matter said.

Indian and UK officials will continue their negotiations till the month-end to iron out differences on the proposed free trade agreement (FTA), the commerce ministry said on Sunday.

China is looking forward to in-depth discussions with the United States on resolving economic and trade issues when its commerce secretary, Gina Raimondo, visits next week, China's commerce ministry spokesperson said on Thursday.

India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.

India's overall exports, both merchandise and services combined, in June 2023 are estimated to be USD 60.09 billion, registering a decline of around 13 per cent from June 2022, official commerce ministry data revealed on Friday.

China's commerce ministry on Thursday said recent curbs on essential chip-making metals were not aimed at any specific country and that they did not represent a "ban on exports".

India's seafood exports rose by 4.31 per cent to USD 8.09 billion in 2022-23 on account of a jump in the shipments of frozen shrimp, the commerce ministry said today.

Science and Arts have been the most popular streams among students over the last 10 years while commerce has stagnated with only 14 per cent students opting for it, according to a study conducted by the Ministry of Education.